flat tax

Illinois has fourth-largest portion of tax revenues coming from corporate income taxes in the nation

By Benjamin VanMetre
11/13/2013
Illinois’ corporate income tax rate is already the fourth-highest in the industrialized world. Yet some lawmakers want to push rates even higher. State Rep. Naomi Jakobsson, D-Champaign, wants swap out Illinois’ constitutionally protected flat rate income tax on corporations with a progressive income tax hike. And that would be on top of the fact that...

TAGS: corporate income tax, fair tax, flat tax, graduated income tax, Naomi Jakobsson, progressive income tax

Colorado voters defeat a progressive income tax hike

By Benjamin VanMetre
11/06/2013
On Nov. 5, Colorado voters defeated a progressive income tax increase by a two-to-one margin — more than 66 percent of the voters said no to higher taxes. Colorado’s Amendment 66 was a ballot initiative to swap out the state’s competitive flat rate income tax for a progressive income tax increase. Specifically, lawmakers wanted to...

TAGS: fair tax, flat tax, graduated income tax, income tax, progressive income tax

Illinois lawmakers who have signed anti-progressive tax resolution

By Jane McEnaney
10/18/2013
As the Illinois General Assembly heads back to Springfield for veto session next week, here is a quick look at what elected officials have signed on to the Illinois Policy Institute’s legislative efforts to prevent lawmakers from amending the state’s constitution to permit a progressive income tax hike, which would increase taxes on 85 percent...

TAGS: fair tax, flat tax, graduated income tax, ILGA: Illinois General Assembly, progressive income tax

Progressive tax facts

By Benjamin VanMetre
09/09/2013
Several special interest groups and lawmakers in Illinois are pushing to increase taxes by swapping out the state’s constitutionally protected flat rate income tax for a progressive income tax. Advocates for higher income taxes try to disguise the tax hike as something it isn’t. Here are the facts on a progressive income tax: Thirty-one of...

TAGS: fair tax, flat tax, graduated income tax, income tax, progressive income tax